eOption vs OptionsHouse



Compare Account Pricing, Commissions, Fees




OptionsHouse


eOption

  • Stocks and ETFs: $4.95
  • Stocks and ETFs broker assisted: $29.95
  • Options: $4.95 + $0.50 per contract
  • Mutual funds: $20
  • Futures: $1.50 per contract
  • Investments: stocks, options, mutual funds, bonds, futures, ETFs
  • Optionshouse minimum deposit to open account: $0 for cash account, $2,000 for margin account
  • All Optionshouse fees
  • Optionshouse login, Optionshouse promotion code

  • Stocks and ETFs: $3
  • Options: $3 + $0.15 per contract
  • Option Exercise and Assignment: $9
  • Foreign Stocks: $39
  • Extended Hours Trading: $25 for up to 5,000 shares, $0.003 per share for over 5,000 shares
  • Mutual funds: $15
  • Listed Bonds: first 25 bonds - $5 per bond, each additional bond - $3 per bond, minimum - $39
  • Auto Trade Equities: $5
  • Auto Trade Options: $5 + $0.10 Per Contract
  • Investment products: stocks, options, mutual funds, bonds, foreign stocks, ETFs
  • eOption minimum deposit to open account: $0 for US; $5,000 for international accounts
  • All eOption fees




Compare Pros



OptionsHouse


eOption

  • Very low commissions
  • Free streaming quotes
  • No fee IRA accounts
  • No volume requirements, or maintenance or inactivity fees
  • Free check-writing privileges
  • Free DRIPs/dividend reinvestment (complete, non-fractional shares only)
  • No surcharges on large orders or extended hours trading
  • Low margin rates
  • Free virtual trading

  • Very low commissions
  • Great margin rates
  • Dividend reinvestment plan




Compare Cons



OptionsHouse


eOption

  • For stocks priced $2 or less that are not options eligible, there is a $0.005 per share surcharge for the entire order (including OTCBB, Pink Sheets)
  • Short after-hours trading: 4:00 pm - 5:00 pm EST, instead of 4:00 pm - 8:00 pm EST

  • Very expensive extended hours trading commissions
  • Limited trading tools and charts
  • Limited research
  • Streaming quotes are only free to those making 100+ trades per month
  • No online ACH. Anytime you want to perform an ACH you have to call their 1-800 number.
  • $15 annual IRA fee
  • $50 annual inactivity fee, if less than two trades in the past 12 months or less than $10,000 in credit or debit balances




Promotion Links



OptionsHouse: Open and fund an OptionsHouse account to get up to $1,000 in free commissions for 60 days.

eOption: no promotion right now.




eOption vs OptionsHouse: Comparison Summary



eOption (eOption Review) offers much lower commissions on stocks and ETFs than OptionsHouse (OptionsHouse Review): $3 and $4.95 per trade respectively. Options pricing is also much better at eOption: $3 plus $0.15 per contract versus $4.95 plus $0.50 per contract.

Both online brokerages don't have surcharges on large orders. eOption charges a lot on extended hours trades - $25 for up to 5,000 shares, $0.003 per share for over 5,000 shares. OptionsHouse has a surcharge of $0.005 per share on stocks under $2 that are not options eligible.

OptionsHouse provides better customer service, trading and research tools. The firm offers free virtual trading environment where investors could try different trading strategies without risking real money. Last year Barron's magazine rated OptionsHouse the best overall broker.

eOption doesn't feel like a solid company that will last - for years it has been a tiny firm with just a few employees. In contrast, OptionsHouse merged with another excellent brokerage house - TradeMonster (TradeMonster Review) - and this merger created one of the top 10 largest online brokers in the U.S. Last Year E*TRADE Securities, one of the top 5 largest brokerage houses in the country, have acquired OptionsHouse.

In summary, we recommend opening an account at OptionsHouse. And we would not invest our money with eOption.


Updated on 4/21/2017.





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